Market expects more LME aluminium cancelations after 130,000t canceled in Port Klang

Over 130,000 tonnes of aluminium has been canceled at London Metal Exchange warehouses over the past two days with market participants expecting further cancelations by the end of the week.

A total of 94,300 tonnes was canceled on Wednesday January 23 on top of 37,500 tonnes on Tuesday - all of which was in Port Klang, Malaysia.

“I wouldn’t...

Published

Alice Mason

January 23, 2019

12:02 GMT

London